Opinion – Tuesday 9 May 2017

After just over 24 hours since Macron’s French presidential election win, the Euro and European equities are feeling a small hangover following a solid run in the previous two weeks. Early on Monday the Euro traded to a high of 1.1023, but since then it has been on...

Opinion – Monday 8 May 2017

Emmanuel Macron was elected French President late last night with a business friendly- vision of European integration, defeating Marine Le-pen, a far right nationalist who threatened to take France out of the European Union.  Exit polls put the vote at 65/35% in...

Opinion – Friday 5 May 2017

The two big events in the past 24 hours were a 4.8% slide in the oil price and a surge in European risk assets. The oil price is now back to its lowest point since mid-November with WTI oil sitting at $44.51 a barrel having fallen below $44 overnight and below the...

Opinion – Thursday 4 May 2017

It has all been about the FOMC and weakness in the AUD over the past 24 hours. It was just words, the statement, from the FOMC last evening with the FOMC leaving the Fed Funds Rate unchanged at 0.75-1.00% and not changing their guidance on when they might begin to run...

Opinion – Wednesday 3 May 2017

Markets traded sideways in what was a wait and see mode ahead of Apple’s results after the bell and the FOMC decision later this evening at 7.00 pm. US equities ended the day marginally in positive territory with technology share leading the way while the automobile...

Opinion – Tuesday 2 May 2017

News of North Korea conducting another (apparently failed) ballistic missile test crossed the wires about 30 minutes prior to the NY close last Friday. 10 year Treasuries lost 2bps during this short window but FX markets were little moved (USD/JPY actually tracked...

Opinion – Friday 28 April 2017

After some mis-communication in March, ECB President Mario Draghi chose his words especially carefully and stuck to his script at his post ECB press conference yesterday lunch time. He retained his easy rhetoric but eyed some improvement in the balance of growth...

Opinion – Thursday 27 April 2017

Yesterday was a relatively quiet trading session in markets with US politics dominating the headlines. The much awaited Trump’s tax plan was short on new details and given the light economic calendar there has not been a lot to influence markets. US equities closed...

Opinion – Wednesday 26 April – 2017

Markets have continued to rally hard on the back of the French Presidential elections on Sunday. European equities have surged a massive 4%, while the Euro has risen 2.1% since the weekend to be 1.0935 – its highest close since mid-November. The fear index (VIX) has...

Opinion – Tuesday 25 April 2017

Relief spread through the Global Financial Markets after France’s Election left a Centrist on track for the Presidency, easing concerns that the country will leave the Euro Currency Bloc. US Stocks followed Europe higher while Treasuries and Gold fell as volatility...

Opinion – Monday 24 April 2017

The final results of the first round of voting in the French presidential election aren’t yet confirmed. Yet the certainty of a Le Pen/Macron one-two, with Le Pen not scoring much more than pre-election poll predictions of the low to mid 20 percent’s, means...

Opinion – Friday 21 April 2017

We have had a fair bit of news to digest since I posted 24 hours ago, and some market price action across currencies, bonds and equities to accompany it. The net result, in FX-land, is that the Euro is (slightly) higher, as too are the Australian and New Zealand...

Opinion – Thursday 20 April 2017

US equities came under pressure in the last few hours of trading last night weighted down by a sharp fall in oil prices following reports of an increase in gasoline inventories. Meanwhile US Treasury yields are higher along the curve and the US Dollar is stronger...

Opinion – Wednesday 19 April 2017

The Pound soared 2.2% following the UK PM’s call for early elections. Polls currently put the Tories in front at 42% of the vote, up from the 37% result in the 2015 election, and there is a good chance that the government could increase its majority in Parliament and...